On October 8, Paschal Donohoe’s budget forecast that in 2020, the State would spend some €71.4 billion – a 7 per cent increase on 2019’s projected spend of €66.6 billion. On the income side, the minister’s budget speech predicted that “an increase in tax revenue is also in prospect for 2020”.  And things had been going well. Tax collection numbers for January and February 2020 were up 14 per cent on last year, producing a budget surplus of over €1 billion for the first two months of this year. Budget 2020 budget was framed with Brexit in mind or, as…

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